| Element List |
Explanation |
| Introduction |
Jamjoom Pharmaceuticals Factory Company announces the Board of Directors' recommendation to purchase its shares with a maximum of 100,000 shares to retain them as treasury shares and allocate them to the employees’ long-term incentive program |
| Board of director’s recommendation date |
2025-05-13 Corresponding to 1446-11-15 |
| Purpose of Purchase |
To retain them as treasury shares |
| Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares) |
To retain them as treasury shares and to allocate them to the employees’ long-term incentive program. |
| Number of Shares to be Bought |
100000 |
| Shares Class and type |
Ordinary shares |
| Method of Financing the Purchasing Process |
The purchase will be from the Company's internal cash resources |
| Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased |
0% |
| Approvals and Meeting the Conditions of Financial Appropriateness |
Extraordinary General Assembly Approval must be Obtained for the shares buy-back transaction, also financial solvency requirements contained in Implementing Regulations issued pursuant to the Companies Law shall be fulfilled |
| Voting Right |
Purchased Shares Shall not Have Voting Rights in the General Assembly’s Meetings |
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